Wholesalers 1031 Tax Exchange

[Brittany Murray]

Ive been curious about this topic and ive done some research but only came up with more questions. Is a wholesaler able to file a 1031 tax exchange if they used the money they made on each deal for investment properties? If so how are you doing this? Or are you just paying your regular income tax. According "Rich Dad" if you cant file a 1031 it would be considered 50/50 income (50 percent for you 50 percent for the government) Also I do all my deals under my LLC. Thanks!